Legally binding sales contract template – Whenever you sell something with somebody, you will need to set up a contract. This contract will offer protection to you, the seller, and also to the purchaser. Adding information that will protect the buyer will also bring in the buyer into most likely agreeing into terms.
The basic information which ought to be in this contract is the make and model, the cost, and contact information for both parties. The sell item contract should also include a disclosure about the item, including a listing of things that you know have to be fixed. You should also include a phrase stating that the item is being sold as is, unless of course you have agreed to perform repairs prior to the final sale.
If you’re selling your privately and you decide to accept a delayed payment, you will need to include all information relating to the payment in your market item contract. This information should include the quantity of cash to be paid, how many installments will be made, when the payments will be made, and when the last term of the contract should be fulfilled. The item sell contract must also list details about late payment fees, and when the seller has the right to recover the property if the agreement ought to be breached.
As well as the product and price, the item sell agreement should state whether the product has a clear title, and in what condition the item is titled in. In most states it is legally required to have a clear title so as to sell a product for anything other than simply parts. If your item doesn’t have a clear name, make certain that the contract clearly states this fact, and that the merchandise is being sold for parts only. Needless to say, your contract should be signed by all parties, and all parties must receive a copy. Some countries require a notary as well, so make certain to check the local laws. You might also find templates for sell thing contracts readily through free legal form sites or Microsoft template websites. Check it out the sample of legally binding sales contract template below at the attachment page.